Section 8 Fair Market Rent (FMR) for ZIP 53034 - 2027

Location: Dodge County, WI | Metro: Dodge County, WI

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$740
1 Bedroom	$830
2 Bedrooms	$1,040
3 Bedrooms	$1,380
4 Bedrooms	$1,380
5 Bedrooms	$1,601
6 Bedrooms	$1,793
7 Bedrooms	$1,936
8 Bedrooms	$2,033

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,652

Median Household Income

$78,661

Housing Units

744

Renter Percentage

26.8%

Occupancy Rate

86.3%

Renter Occupied

172

ZIP code 53034, located in Waukesha County, Wisconsin, is a suburban area characterized by its blend of residential neighborhoods and proximity to urban amenities. This region offers a stable environment for both landlords and small-portfolio investors, supported by consistent housing data and economic indicators.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $1,020, providing a benchmark for rental pricing in the area.
The average market rent for properties in ZIP 53034, based on Census American Community Survey (ACS) data, stands at $922, indicating a slightly lower actual rental price compared to the FMR.
The median home value in this ZIP code is $318,917, reflecting a middle-class neighborhood with a mix of single-family homes and multi-unit properties.
Renters make up 26.8% of the population, suggesting a significant but not overwhelming demand for rental units.
The median household income in ZIP 53034 is $78,661, which supports the ability of residents to afford housing costs that align with the median home value and rental rates.
The Days on Market (DOM) figure is listed as N/A, which might indicate either a very efficient local real estate market or a lack of recent data. Landlords should monitor this metric closely for insights into property turnover speed.

Synthesizing these points, investors can expect a balanced market in ZIP 53034 where rental income aligns closely with the cost of living and property values. The lower market rent compared to the FMR suggests potential for rental growth, while the median income supports the affordability of current rents and home values. With nearly a quarter of the population renting, there is a steady demand for rental properties. However, the absence of DOM data means investors must stay vigilant about market conditions and local trends to ensure optimal investment performance.

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.